Azure Power Releases Annual Sustainability Report
NEW DELHI, Feb. 14, 2020 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading solar power producer in India, published its first Annual Sustainability Report for 2018-19, which highlights the ways in which the company is delivering on its commitment to sustainability.
Speaking on this occasion, Ranjit Gupta, Chief Executive Officer, Azure Power said: "Sustainability is the core of our value proposition and the essence of our business. We are proud of our performance on key environmental, social and governance issues and are committed to delivering value to our stakeholders by providing reliable solar power to our customers, fulfilling careers to our employees, bettering the communities in which we operate, and providing strong returns to our shareholders."
Highlights from this year's report include:
To read the full report, go to https://www.azurepower.com/sustainability
About Azure Power
Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-India portfolio. With its in-house engineering, procurement and construction expertise and advanced inhouse operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes since its inception in 2008.
For more information, visit: www.azurepower.com.
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; curtailment; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.
Nathan Judge, CFA
Investor Relations, Azure Power
+91-11- 4940 9854
Marketing, Azure Power
SOURCE Azure Power